Crude oil futures were mixed in midmorning trade in Asia on Aug. 25 as WTI gave up more of its previously priced-in gains on a weaker-than-expected Tropical Storm Marco over the US Gulf Coast, even as rising supply issues from two separate tropical storms supported the global crude complex. At 10:30 am Singapore time (0230 GMT), the ICE October Brent crude futures was up 13 cents/b (0.29%) from the Aug. 24 settle at $45.26/b, while the front-month NYMEX October light sweet crude contract was down 3 cents/b (0.07%) at $42.59/b. “Brent is off last week’s highs above $45/b, but not by much. The benchmark is holding on to its Hurricane induced gains due to possible storm aftermath effects on global oil flows, which could see US refineries boost gasoline demand from Europe,” said […]